HP Inc hires former GSK boss as CEO
HP Inc has named Emma Walmsley, former pharmaceutical executive at GSK, as CEO. Despite lacking tech industry experience, Walmsley brings cross-industry leadership and previously served on Microsoft's board. HP faces headwinds including PC market contraction due to memory shortages, print business decline, and limited customer interest in AI-driven products, even as revenue reached $44.5 billion in the first nine months of fiscal 2026.
Key points
- Emma Walmsley (ex-GSK pharma chief) hired to lead HP amid PC and print sector challenges
- PC shipments fell 20% in Q3 due to DRAM shortages, with weak customer demand expected to persist
- AI uptake remains limited despite hopes; print business continues declining despite overall 10% revenue growth
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